New Zealand's central bank has decided to raise rates for the first time in about seven years due to concerns over rising prices.

South Korea and Norway have already decided to raise interest rates amid increasing global inflationary pressure, and countries are moving to tighten monetary policy one after another.

The Reserve Bank of New Zealand, the central bank, held a meeting to decide monetary policy on the 6th and decided to raise the policy interest rate, which was the lowest level ever, by 0.25% to 0.5%.



This is the first rate hike in 7 years and 3 months since July 2014.



The Reserve Bank of New Zealand has been promoting monetary easing, such as lowering the policy interest rate to 0.25% in March last year, in order to support the economy affected by the measures against the infection of the new coronavirus. Will be strengthened.



He said that the reason for the rate hike was "to keep inflation at a low level and support sustainable employment," and he acknowledged that there were concerns about rising prices, such as soaring real estate prices.



Amid growing global inflationary pressure, South Korea in August and the Norwegian central bank in September have decided to raise interest rates, and countries are moving to tighten monetary policy one after another.



In addition, the US Federal Reserve Board of Governors is aiming to normalize monetary easing, which it has been promoting as a response to the crisis of the Corona disaster, and will gradually reduce the scale of quantitative easing next month. It is expected.